Kelso, Arkansas Property Taxes
The median property tax rate in Kelso, Arkansas is 0.60%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $59,100 in Kelso, the typical annual property tax bill is $357, which is well below the national median of $2,690. Property taxes in Kelso are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kelso's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kelso or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kelso, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Kelso Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelso with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelso to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kelso, Arkansas
Property taxes in Kelso, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelso is 0.60%, which is below the U.S. national median of 0.99%. Local government entities within Kelso set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelso estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kelso's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71674 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Kelso provides valuable insights into the varying tax landscape across Desha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kelso Tax Rate
0.60%
Average Desha County Tax Rate
0.95%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kelso, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71674 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Kelso, Arkansas
In Kelso, Arkansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Desha County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kelso, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kelso helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $357, found in zip code 71674.
Average Kelso Assessed Value
$59,100
Average Desha County Assessed Value
$52,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kelso, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71674 | $59,100 | $59,100 | $59,100 | $59,100 | $59,100 |
Source: Ownwell
Property Tax Bills Across Kelso, Arkansas
In Kelso, Desha County, AR, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and typically represents a percentage of the market value of the property. In Desha County, the median home price is $59,100. The property tax rate is applied to the assessed value to determine the annual tax bill. For Kelso residents, the median property tax bill is $357, which is significantly lower than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Kelso benefit from relatively low property taxes, which can make homeownership more affordable compared to other regions. This lower tax burden can be particularly advantageous for budgeting and long-term financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their finances more effectively.
Average Kelso Tax Bill
$357
Average Desha County Tax Bill
$449
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelso, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71674 | $357 | $357 | $357 | $357 | $357 |
Source: Ownwell